Build Better Money Habits With These 4 Simple Steps

Build Better Money Habits With These 4 Simple Steps

| April 26, 2020
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Build Better Money Habits With These 4 Simple Steps
While you may have ambitious money goals, the key to reaching them is building a collection of smaller everyday habits. Here are some habits you can begin implementing into your life today that may help your money grow:
1. Auto-Transfer Money Into Savings.
Setting up automatic transfers is one of the easiest ways to save money. For instance, if you're trying to save up $1,000 in six months for a new laptop or trip with friends, automatically transfer $42 a week into your savings account.
2. Plan Ahead.
When you go grocery shopping with no allotted budget or plan in mind, you are likely to spend more money. Make a list of exactly what you want to buy and how much you're going to spend. In doing so, you will be better at avoiding impulse buys.
3. Save Bonus Cash.
If you get a raise or took on a side gig, commit to putting away some or all of it. While you may want to enjoy the extra money, you can allocate it toward your saving goals.
4. Track Your Financial Progress. Set aside time - whether it be biweekly or monthly - you see how much progress you've made on your money goals. When you are intentional on setting time aside to do this, you are more likely reach your goal because you are keeping yourself accountable and on track.
Small changes can make a big difference in your financial life. Begin implementing these habits into your daily life and you will see how quickly you begin reaching your goals. 
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